The U.S. Securities and Exchange Commission (SEC) has postponed its decision on the NYSE’s proposal to list options based on spot Ethereum ETFs.

The document refers to the Bitwise Ethereum ETF, Grayscale Ethereum Trust, Grayscale Ethereum Mini Trust, as well as “any trust holding Ethereum.” The request for consideration was submitted to the SEC on August 7.

The agency had planned to make a decision on the application by Monday, November 11, but explained the delay was necessary for a more thorough analysis and concerns over whether the proposed rule change complies with the Securities Act and could create additional risks for investors and market stability.

A new deadline for the application review was not specified.

In October, the SEC allowed options trading for spot Bitcoin ETFs on the NYSE and CBOE.

It’s worth noting that in January, the SEC approved 11 applications for the launch of exchange-traded funds based on Bitcoin. Ethereum-based trading of similar instruments started at the end of July.